081222 Company rt8lStraiion number.. 02118349 Charity regi5¥raiion number.. 519405 Rural Cominunity Action Nottinghamshire (A company limtied by guarantee) Annual Rert and Financial Statements for the Yeat E[d 31 March 2022 Community A¢¢ouo¢ing Plus Units l & 2 North Wcst 41 Talbot.Street Noitin8ham NGI 5GL ABIXTYR4 1511212022 COMPANIES HOUSE
Rural Community Aetion Nottingbgmshire CottteDts Refuence and Athninistralive Details Trustees, Report 2105 1ndfnd¢t Examinels RerM)rt Stat11 of Financial Activities 7t08 . Balance Shr¢t 9t0 io Noit5 to the Financial Sthtements 11 to23
Rural Community Action Nottinghamshire Reference and Administrative Details Trnstee5 Ivan Anntbal, Choir Adam Whitchurch. Vite Chair Jatnes Naish Simon Patrtck Tipping Cllr Swnu5 Martin Creamer Paul Peacock Cllr Hazel Brand Sardh Bailey Alexandra Raynor Se¢retary Senior Management Tum Ale¥aAra RayThJr. Director Jennifer KiTkwiMyd. Director Charity Registration llber 519405 Comp*Ay Registraliott Number 02118349 Registered Office Arnot Hill HoLe Arnot Hill Park Arnold Nollingham NG5 6LV Independent Examiner Ji)hn IYBiien, employee of Community Ac¢ouniin% Plus Units l & 2 North West 41 Talbot Street Nottingham NGI 5GL Bznktrs Natwesi Bank PIC Newark l Market Place Newark Noitingham$hiie NG24 IDY Pa8e I
Rural Community Action Nottinghamshire Trustees, Reporl The trustees. who are directors for the PUTFM)ses of companv law: pie5¢Dt the annual repDrt 108ether with the rinan¢ial statements of the chartiat company lor the year ended i l March 2022. Trustee5 o(fiters The trusiees and Olet[S serving dwin8 the ycar and sintt th¢ yr cnd wrte as follows= Tiusiees.. Ivan Afftnlb, Chair Adam Whit¢hur¢h. Vire Chwr James Naish Simon P¥tri¢k Tipping Cllr Sear5 Martin Creamer Paul Pucock Cllr H3z¢I Brand Sarah Bailey (aPinted 26 January 2022> SecTetary= Alexandra RaYr Strncturt govtrnante #gEment Noliire ofgoverning docMeN1 The charity is a company limited by guwraThtee and re8isicred charity. It is Oated under Ihe rules (pf its rnernornndum and arLitle$ of Asso¢iation dad l April 1967 and most recently amended by Iht eeriifitate of incorporation on change of name daied 15 NovemiKt 2(N)7. li no Share capital and the liabiliry of e8ch member in th¢ ¢v¢nl of winding-up is limited 10 £1. Recruiimnt&ndbppoiThtmen¢ of¢THStees As vaean¢ies ar1..the Board coThsider on a skills b&sis the ¢xp¢rien(Y and skills nceil¢d to fvlfil a fully strategic and committed Board. Va¢an¢ies are then advert15ed via networks or individuals approached fron) ciJtrert¢ pann¢rships. Inittesied parties then apply for th¢ p051tion and these are'di5cussed by Ihe B.oard befor¢ Ih¢y are agreed andlor rejected. There is CUTrendy a process for appoitliing distyiu authority represth¢aiiYes on an annual basis. District Tepiesenlalives are proposed by the relevant authoiity and th¢ Board ¢onsid¢r ¢he proy)5¢d tnenikn al the Executive Board rneeting al thc nearest meeting followin8 the rtcommtndalion being made. Page 2
Rural Community Action Nottinghamshire Trustees, Report Objectives and attiviti Objects IlifvLF "Th¢ Organisa¢iofi is establish to promote any thari¢ablc purFQ5CS for the benefit of th¢ ¢omrnuThity in the County of Ihe local 8ovemment district of Nottinghamshire" as per Ihe Memorandum and Article5 of Association. RCANS core MissioThlVision is to achieve thTiYing and SUStsiTthle rural communitits. Further aim5 iltilised to fijifil this Mission are outlined in aTL annual Strategic Plan undei the folloiving prjority are.. l. Promoie Economic Inclu5ioTh and Deyelowent across Rural Nottin8hamshiTe' 2. Addre55 issues of inequolily. social ex¢lusion and Vulnerdbility faced by rople in ruTaJ Gornmunilies: 3. Suppor¢ active ¢bmmunity ¢nga8emezii, volunteering and %)cial action. These wiorilies truide the organisaiion's activiry IM>th oTatiOnallY iTh the short temi and slrdLegically toivdrds a long¢r ierni plan, allowng RCAN io fulfil its charitsblc aims and ¢rystal!ise its core offu to ihe communili¢s we serve. Oojeclives. 51r4teKies fjndo¢1iwlies RCAN'S main athivitie5 as set out by our Business Plan 2021-22 wete as follows-. The development ol an extrnsion io our Town and Parish Council 511PPOrt through additi(pnal sold services nd membership affiliJ(ion. 2. ikliver the outcomes and objectives as ciled in our existing district s1(¢ Level Agreements. Whi15t outtome$ were met for this yvar, the Covid pandernic halie4J some planJd delivery as we diverted 5UPPOrt to Covid i¢laied emer8in8 needs. 3. Communilv Consultation and Promotion A re launch of 'paid forf mun"trKr5hip affili8(ion ronlinued throughout the year to attract additional opwjrtunity. 4. Villag¢ Halls SUPPDrt s¢rvi¢e- This seTvice 8rew rapidly during 2020-21 as communily. iwildin8s uiilised our 5UPPOrt 3nd guidan¢e io respofjd to the ever changin8 Covid 8ov¢rnmeThtal guidance g(Fverning activity and srnall business and COTThrnunity 8TOUPS oFrating from Village Ha115 and Community BLtildings. This service hos continued io grow and the demand h&s increased as our Teach wden$. 5. Trdvelling Togcih¢r- RCAN has mw)agtsJ a SUprt suviee for Gypsy and Travellers across Nouinghtsmshire for 16 years. The funding for this work had significantly decreased In reccnl years a5 commi55i(>n PTiorilies altered. RCAN continued to prtsie¢t a Teduced Input for sCIfIC pieces of 5UPFrf)rt work and Jdvite. The need for this servi¢¢ is evident and we ivoiked hard ts) secure larger funding commilmtnts to ¢ff¢¢tively suprM)rt the ap#city needed io deliv¢r a ivider and more effective service. This w3S Ttalised as a Nonin8hamsh1 County Council Lo¢al Communities bld w&s succt5sful to dcliver a four yCJf py0jt offering supw>rt for Gypsy and Traveller5. 6. ManageMet oversight of 3 CoLtntry Park. fa¢iliWing meaningfvl volunteering and I1 level. support through local communbty groups and org3thiSatiOthS. PHblic bejryvf Comrnunities feel more confident. informtrj and belter r¢sourced and to"suprA>rt )¢181 action for themselves by J8niling or sustaining ¢xistiDg a¢iivity. Community Buildings are ¢onfte¢ied to a professional ano infonned scrvicc and able to acces5 b)th local and Nalional best practice and individual advi¢¢ for sustainability Dn a variety of levels. Hard"to rch or marginalis¢d groups are better able to access vICeS and 5UPPOrt. Provisiort of green space and community accessible Country Park. The trustees conflrm thai they have complied with the requirements of seciLon 17 of the Charities A¢t 201 I ro have due regard to ¢h¢ public btt)efit 8uidance published by the Charity Commission for England and Wales. Page 3
Rural Community Action Nottingbamshire Trustees. Report Athièvement$ and peTformante We gave futKling adi'ice, access LO professional s¢rvice5 SUp[)rt and general gOVErn¢¢ and advo¢a¢y to 139 village'halls and community buildings. There Wds a particular emph2SiS this yw on ¢nttgy effL¢iency improv¢menlS in altempl to be more environmentslly friendly, bul 31so in TesF4)nse to Ihe eosi of living cr&5ts. Hall Talk. the quarleily new51ett¢r produ¢ed to b¢nefil village halls and community buildings. Town and Parish Councils and Community GTOUPS and Is disiribuied atrvss our networks. This yeai ha5 also 5e¢n ali increase in bu51ness adverts within ihe publication which has genernted a stll311 incorne. . Local community groups received suprM)rt to STe £)60.ODO foT their local projects and service5. IOJ local groups ttteived targcied supp)rt from the SupFM)rting c0Muniti Teatn. 208 Rushcliffe Parish Council delegaies particip*ed in 2 vittual fomm Meetin and one fa¢¢ io fa¢¢ medi08 tailored to the issues ihat Parish Councillors had identified. . A fishing lak¢ conlinu¢d to be Iv45¢d and managed by CAST. Thi5 is a wrll used provision by local an8ler5 with volunteer bailiffs mainlaining rtgular oversight of the sire. . VoluThteer wardens via the Friends of Newsiead artd Annesley Counlry Park reglarlY attend the site, fotmally uplate on risk and mainienance issue5.They overstt and commit lo an annual 'work plan, which fijrthers th¢ aims and objectives for this open spa¢e be retained as a popular Country Park_ The 8fOUP -Friends of Newstead and Annesley Country PaTk" conlinues w Sup) th¢ pArk thTough the volurbt¢ering of their tjnie io supwbrt the development of the sJLe. The nmber of Informal volunittrs has grown over 100 Ivith lo¢al cornmwiity members ¢ommitting on a rtgular basis to low l¢ve15 asp($ of site ana8tment and coThservaiion. We administeTed grants via Thc WTrnd Turbine Community Fund to New51eAd Parish Council and Annesley and Felley Patish Council and The Friends of NeWtad and Anne51¢y Country Park. These have been utilised to ¢Onlribuie and $upp)rt local proje¢ts for the benefit of locality. park and village re5i(knts. FinArttial review Prudent financial rnanagem¢nt ha5 ken key for this year alongside the need resrM)nd 51viftly lo changes in fundith8, as some grant based monies continued ttb k diverted to supp)rt the Covid crisis. D¢5pile the prudent rinancial management, the uncertain climale 8nd the thange in funding pitorLties has mtant thai it has been very diffi¢uli foThvard plan and as such we have realised a defLCii budget this year. Next year 15 already looking much more p)silive ivith tsvo projects sccured for four years. Polity raerv RCAN'S Re5eTves Policy stipulated a n¥0 months, optraiing exptndiiure sh(puld be retained in free re5etves. Our 3 Isi March 2022 position rnttts ihis targ and assumes rK> issues with liquidity a result. PrinupNI risks fflnduncertinIjÉs The funding climate 15 ever rhanginD . Grants continue lo be diverted to Covid related activity and our delivery is therefore open to the mark'et pressure5 ag a result. As ive move into Covid TfLovery and begin to further develop our commissioned w¥)Tk. Ive at¢ yc¢ io se¢ the impa¢¢ Of pwlong¢d r¢strittions and lo¢kd¢>wtt periods. We art fortunaie 10 have retained a healthy Reserves balance whTrch has alloived us lo focus on and adapi kcy service delivery with some dcgrec of 5ecurity- Movins forward. we ar¢ keen to plan strdL¢gtc reinvestmeni to strengihen our capacity and ability to Tjnd its nced swiftly and effediv¢ly. Key risk5 include the inability 10 Slbstain rapid rtsp)n5¢ ty emerging n¢¢ds and a loss of capa¢ity to extend our Tea¢h a¢ross the wdei County. Utilisiog some periods ol fle.xible furlou8h allowed us to retain [louS capacity and build a resilience whTrch we are confident ha5 SUPWrted our off¢[ for th¢ coming (wo ycar pioj¢¢tion. Page 4
Rural Community Action Nottingbamshire Tru5t¢¢5' Report Statemtnt of Trnstees, Re5poDsibililie5 The truslees (who are also the diretiors ol Rural Community Actlon Nottinghamshire for lh¢ purposes of company 13w) 3re r¢sF¥)D5ible for preparing the tnjstees, rew)rt and ihe financial statements in accordance with the United Kingdorn Atcourtlitbg Standatds (United Kingdom Generally Accepted Attounting Pra¢ti¢e) and pplicablt law and regulations. The ieport and accounts have prepared In accord3n¢e wilh lh¢ PTovisions in the Companies Ael 2(M)6 ttla(in8 10 small companies. Cornp#ny law requires the trustees io prepare financial SLilements for each financial year. Und¢r company law the trysiees rnust not appffpve the financia] sttttments unless rhey are sa115ficd ihat they give a tiue and fair view of the siatt of affairs of the chariiable company and of its incoming resources and application of resources. including its income and exwditure. for that riod_ In preparing these finan¢ial statements: Ihe irusttt5 a required to.. select suitable accountin8 w>licies and apply them conSis1t1y- obsetve ihe methods and principles in the Charitie5 SORP. mak¢. judg¢ments and estimates thai are re&wnable and pnvjent.. slate whether applicable UK Accouniins Standards have been followfyj. subjett 2ny matuial departures disclosed and explained in the flnancial statements. W)d prepare the financial statements on Ihe going concern basis unless il is inappmpriate 10 presume thal the charitsble comwany will continue in bu5inESS. The irusLees are responsible for keeping adequate accounbng Te¢ords that art suificieni to show and explain the charitable company'5 tran5aaion5 and disclost with reosoD8bl¢ a¢¢ui¥y ai any time the fjnancial position of the ¢haTitsble company and enable them to tnsute ihat the financial stalemtnts comply with th¢ Companies Act 21J)6. They are a150 rc5ponsible for safeguatding the &sscts of ihc charitable company and hence for taking reasonable steps for the prevethiion and"deieciion of fraud ar other irTegulaJitiC5. SMAII companies provision st*temeDt This Teport has been pr¢pared irt accordance with the small companie5 r¢gitn¢ undeT the Companies Act 2006. by the I[ee$ of the chatity ort121 O&Ld signed on its beh3Jf by.. The nnual report was appro am Trusiee hitchur¢h Page 5
Rural CommuDity Action NottiDgham5hire IndependeDI Examiner's Report to the trustees of Rural Community Aetion Nottinghamshire Jndepethd¢nl examiner's report to th¢ tru5t¢¢s of Rural Commy#ity Artion Nottingharnshir¢ I'tht Company'l I rep)rt lo th¢ ¢harity tTUSttts on my examination of lh¢ Ounts of the comrany for the year ended 3 1 March 2022. RespoAsibiliiis Ylnd b#si5 of report As the charity's tnLStees of th¢ company (and also its direetors for the putposes of company lawl you #re resFK>ll5ible for the preparalion of the accounts in accordance iviih ihe requirements of th¢ Companies Act 2W6 ('the 2006 Aa,). Having satisfied mvself thai the at¢ounts of the Company are rtot requited to audited under Part 16 of the 2006 Acl and are eligible for indepe[tfit examinaiion. I rert in r¢spe¢i of my Lxnination of yOtsT ¢harily'5 accounts a5 catTied out under section 145 of ihe Charities Au 2011 {'tht 2011 Ati.). In carryin8 Out my examination I have followed" the dirttii0Th5 given by Charity Commis5w)n uTh(kr section 145{5) Ibl of the 2011 Aci. IndtpedÈtht ¢xwinr'$ $t#lemenl I have completed my examination. I confim) that no matters have Come to my atten¢ion in connection with the examination givins me cause to lIeVe that in any material rest*a.' accounting CordS were Thot kept in re5Ftct of the Company a&required by section 386 of thc 2006 Aci. or 2. the accounts th) not accord iviih thost records,. or 3. the ac¢ounts do not ¢omply with the accounting TeqUiTements of section 396 of the 2006 Acl other than any requirement that the at¢oun15 give a 'true aThd fairf Yicw which is a matter Consider a5 part of an independent examination- or 4. the accounts have not been prepared in accordante with the methDds and principle5 of ihe Staitment of R¢ctsmmended Praciice for accouniirb8 and rertIng by chaiities [applicable to thaTilies prepaTing their accounts ID accordan¢e with the Financial Rewrting Standard applicable in the UK and Rcpublic of Ireland {FRS 1021] I have no concems and have ¢ome acmss Do othcr rnattets in Connection with the examination to Mthich attention should be draivn in ihis report in order enable a ptoptr undeTstsnding of th¢ accounts to be reached. John Tien MS¢, FCCA, FCIE, employee of Community A¢wunting Plus Felloiv of the Association of Charity Indtpthdthjt Examiners Units l & 2 North West 41 Talboi Streei Nottingham NGI iGL Date.. Page 6
Rural Community Action Nottinghamshire Statement of Financial Activities for the Year Ended 31 March 2022 (Ineluding Income and Expenditure Account"and Stalemenl of Total Recognised Gains 2nd IA)sses) Pen5jOII reserve fund Total 2022 Total 2021 U*restricttd Reslritted P4ote Inetsm¢ Ebdowmethts from: Donations and legacies Charitsble activitic5 InvesimeTht in¢ome 95,459 37.552 13 95.459 38.062 118.023 49,460 48. 510 Total income 133,024 510 133.534 167.531 Expenditwe on- Chariiabie activitie5 {167.931) (1,173) {95,0(M)) (264,104) {236.511 Total e%Fndiiure {167.93 l) (95.000) (264,104) {236.511) Net expendilure Transfer5 between funds 134.9071 29.196 (95.000) (130.570) (68,980) (29,196) Othtr recognised gai&5 aAd losses Aeiuari21 gainsl (losses) on defined benefit pemsioTh schemes 478,IK)O 478,0(M) (752.OtM) Net movement in fiJnd5 (5.711) {29,859) 383,000 347.430 (820.980) Retonciliation of funds Total funds broughi .ronvaTd 308,019 319,8)9 2.273.000) 1,297,692 1,645.122 2.000 11,890,000) . 1.645.122 (824,142} Total funds ¢atTied foTward 22 302.308 ASI of the ¢haiity's a¢tiviiies derive from coniinuin8 operalioThs durin8.the ab)ve two periods. The funds bad0}Tr for the period 1$ showTh no 22. The notes on pa8es I I to 23 forni an intt8Tal part of these financial statements. Pagè 7
Rural Community Action Nottinghamshire Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Accounl 4ttd Statement of Total Recognised Gains and Lo&8es) These are the figures for the p"rtvio¥s accou•ti#g period and are iD¢luded for eomparative puryosts Pensio Total reserve fund 21121 Unrtslricted Restricted Note lth£onJt endowments from= Donations and le8xie5 Charitable activities Investmeni in¢orne 116.023 32,794 48 118.023 49,460 48 16,666 Total itKome 150.865 16,666 167,53 1 Exptndilur¢ ou.. Charitable 3c¢ivities 1162.7621 16.7491 67.000) 236.511) Total ¢xpenditure II62.7621 (6.7491 167.000) 236,5111 Net {expenditureyincome Transfers baween fun¢ts (11.897) lJ70 9.917 167,000) {68,980) 11.370) 'Other retognised g*ins and losses Actuarial ga¢ns1 {losscs) on d¢Fined benefit pen5jOn hemes 752.000) 752.000} Nei mov¢menl in furtds (10.52?> 8,547 1819,000) {820,980) Reconciliation of fuhd$ Toial funds brought forward 318,546 311,312 (1,454,0(K) {824:142 Total funds Caled forward 22 308.a19 i19.859 12,27i,000} (1.645,122} The nDtes ort pages 1110 23 fo an inle8 part of thes¢ fin#tLtiai statem¢nts.. Page 8
Rra1 Community Aetion Nottinghamshire (ReEiStration number: 02118349) Balance Sheet as at 31 March 2022 2022 2021 Note Fiy¢d Assets Tangible assets Investments 12 13 290.944 I90,0(M) 480,944, 290,000 190,000 480,000 Current 8Ssets Debtors Cash at barjk and in hand 14 15 18,917 106.175 23,491 137,361 125,092 160,852 Crtdiiors". Amounts f7411ing due wiihin ont year 16 (13.728) (12,974) Net turvent 11SStts 111.364 147,878 Net Assct5 excluding ptnsion liability 592.)08 ' 627,878 Pen5ioN sch¢m¢ li•bility 20 lJ,S90,0001 12.273,000 Net liabilities in¢Judint ptnsiott li*bility (1.297.692) {1,645,1221 Funds of the ch•rity- Pension reserve fund (1.890.IMKI) (2,273:QOO) Restricted income fund5 ReslTlCted 22 290,000 319.859 Unrestricted intome funds Unresiricied 302,308 308,019 Total funds 22 11.297.692) 1.645,122 Fot the finatteial year endTrng 31 March 2022 the charity wd5 enlit1 to ¢xernplion from audit under section 477 of the Companies Ad 2006 relating to small ¢ompanies. Directors, resw)nsibilities.' The rnernbeys have not required the charity io obtain an audif of its Scun(S for the year in question.in a¢¢ord8th¢e section 476: and The directors acknowledge their resw>nsibiliLies for complyirt8 Wlth the requirements of the Aci iwith respect to accouniing records and the preparation of accounts. These accounts have been prepdrcd in accordancc with the wjvisions aA)licable to ¢ompanies subject to the small companie5 regime. These financial stslements have been prepared in ac£ordance wilh the 5rrtial prov15ions relating to wmpanies subject to the small companies regime within Part 15 of the Companies Aci 2. The notcs on page5 1 I to 23 fom? an integrnj port of these fin8n¢ial stai¢ments. Pa8e g
Rural Community Actioll F40ttingbamshire (Registralion llumber:"02118349) Balance Sheel as at 31 March 2022 The and o(* . Inancial $13t¢mts on pages 7 10 23 were apptoved by the trustees, and authorised foT issue on :................. j8ned on iheir behalf by.. Adam Whilthurth Trnstee The th)i¢s on pages l I to 23 foTh an inte8ral part of thes¢ financial statements. Pagt 10
Rural Community Action NTrttinghamshire Notes to the Financial Statements for the Year Ended 31 March 2022 l Atcounting poli¢i¢s Summary of signifiunt atcounting policies aiid key a¢couN¢iNg t51iTh¥t Th¢ pi'incip31 atcouniing lICieS applied in tht preparation of Ihese financial statemeTh¢5 are set oui below. Th¢s¢ policies have beem consi5L•ltly applied io all the years presented. uThless otheThvise stoted. .Stattment of tompliAce The financial siaiements have been prepared in accordance AtTrIng and Rew>rting by Charities.. SL2iemenL of Recommended Practice {applicable io ¢hatili¢s pr¢parin8 their accounts in accordance with the Financial Rery>rtin8 Siandard applbcable in the UK and Republic of Iieland {FRS 102)) (issued irb October 2019) (Charities SORP {FRS 1021), the Finan¢iJl Reporting Siathd2rd applicable in the UK and Republic of Ireland (FRS 1021 and the Companies Act 21X)6. Basts of preparation Rural Comtnunily Action Nottin8hamshire meets the defiTritioD of a public benefi¢ entity under FRS 102. Assets and liabilities are initially recognised al historical c05t or tran5aclion valu¢.unless oiheTWlSt Stated in the reltvani aceouniin8 wJli¢y noie5. Coing twctrn The financial statements have FKcn wepared on a going concern bosis. The trustee5 assess ivh¢thet th¢ use of gotn8 concem is appropriaic i.e. whdhv ¢h¢TC are any tnaterial un¢¢rtainliE5 Yelated to events or conditions ihat may wt significant doubt on the ability of the charity io onlinue as a going tortcem. The trustees make Ihis &s5e55menl in re5pEci of a period of one year from the date of apwoval of the fjnancial stalemenLS. Exemption from preparinE ¥ c¥$h fltsiv $t#i¢mettt The charity opted LO adopt Bulletin I published on 2 February 2016 aE)d have"Iherelore not irKluded a cash flow 5talement in these financial 5¢alemrts_ Income eThdowmtnts Voluntary incorne irKluding donation% gifts. legacies and gTants ihat provide core funding or are of a general nature 15 recognised ivheth the tharity has. eniiilemeni io the income. it is probable thai the irttome will be re¢eiYed and the amouni ¢aD be mwured with suffjcient reliability. . Dottt71io1 anrflegocie5 Donations ale reeognised when the charitv has bccn.notified in lting of th th¢ arnounl and $etiltment dale. In Ihe event that a donaiiort is subjecl to condilion5 that require a level tsf trforman¢e by the chatity before Ihe ¢hatity is entilled io the fun¢ls, the income i$ deferred and not cOgniSed unlil eitheT those ¢oDdiiions ore fully md, or the fulfjlment of those condition5 Is wholly within the ¢onirol of th¢ ¢hatity and it is probable that these conditions will be fulfilled in the rertIng period. Grnnls receivoble Grdnts are Tecognised ivhffl the charity h8s an entitlement to the fun(Ls and any condition5 liThked io the granis have beeth mei. Where perforn)ance condilions are aita¢hèd to the grant and are yd to be md. the income is [tgniSed 8$ a liability and included on the balance shctt as deferred irhcomc lo be r¢l¢a5d.
Rural Community Action Nottinghamshire Notes to the Finalleial Statements for the Year Ended 31 Marcb 2022 Expendithre All expenditurt IS T¢gnISed tsnce"the 1$ a legal or ConstrtIve obli8atioth 10 thai expendilure, it is probable 5elllemenl is r¢quired and Ihe amouni tan be me&sured reli3bly. All costs are allocatrd 10 rhe applicable expenditure headin8 thai aggTege similar costs to that Category. Whue eosLS ¢annot be directly attributed to particular headings they have been allocatrd on a b#si$ ¢onsistent with the u5¢ of resources. wilh ¢¢ntral staff Costs alloczttd on the basis of time 5penL and deyeciation char8ts allocakd (Fli the portion of the a$5e1'5 Use. Other 5UPPOTt Costs are allocaie41 bastd on the 5Prtad of Sla costs. Chftriruble oclivlii Charitable expendrturt ¢omprises those costs ivrred by the chari¢y in the delivery of its aclivirie5 and services for lis benefi¢iaries. li irt¢ludes tM)th tosrs that can be allocated directly 10 suth arfiyities and those cosis of an indirect nature necessary io suPrt them. Goverthmtnt grants Govemmeni grants are re¢¢igni$ed basd on th¢ ¥¢wal rrmjdel and aT¢ rnea5urrd ai the fair valuc of the asset received or receivable. Grants are classified 3$ relating eiiher to revenue or ¢0 assets. Grantg Telaling to revenue are recogniseij in income over ihe period in M'hich the relad ¢OSLS are retognised. Gtants ielaiirtg to asseis are r¢¢ogni5¢d ovef the eXted urUI life of the asser. Whete part of a grdni le118 io an a5sei is deferred, it is r¢co8nised as deferred income. Taxtion Th¢ Charity is ¢onsidcTed to pa&$ thc tests set oul in Pardgrdph I Schedule 6 of the Finantt Aci 2010 and therefor¢ il tneets lh¢ definition of a charitable company for UK corJx)ration tsx purposes. Accordingly. Ihe charity 1$ Ix)i¢niially ¢xempl from tsxation in i¢specl of TrThcome or capital gains received within 17tcgoiies covered by Thapter 3 Part I l of Iht CorpoTaiion Tax Act 2010 or Seclion 256 of the T3xalioD of Chatg¢able Gains Act 1992, tts thc extent ihat 5Lich incomt or 8ains are applied exclusively to charitable purFxKes. Tangible fixed assets Individual fixed a55ets eostin8 £150.00 or are initially recorded al COS( less arty subsequent a¢¢umulated depreciation and 5ubsequeni aecumulated impaimieni losses. 'Depretiatiokn.and Amortisaltion Depreciation is provid¢d tsn tsngible fiyed a55ets so as to 11¢ off the cost or valuation. le55 any estimated r¢5idual value, over their expected usetul economic life &% follo= Asset clas$ Moior vthi¢les Fixtures &'fiiiings Ctsmput¢r cquiprnent Depreciation method and r*t¢ 25% straight line 20% straight lin¢ 33% Straight line The CO of freehold land included in the balarte theet not depreciated is £290.OLX). IDve5tment propcrtie5 Investment property 15 carried ai fair valut. detived from thc CUTrent markel prices for comparable rtal estate ¢kt¢Trnined annu311y by extemal valuers. The valu¢rs observable market prices, adjusted if necessary for any difference in ihe naLlJlt, location orcondiiion of the specific assd. Changes in fair value are reCOlSed in ryofit. or loss. Pa8e 12
Rural Community Action Nottinghamshire Notes to the Financial Sta¢emen¢s for ihe Year EDded 31 Marcb 2022 Trade debtors Trnd¢ debtors ar¢ omounts due from cvslomers for merthandi5e sold or setvice5 perfornied in the ordinary ¢ourse of bvsiD¢SS. Trade debtOTS are recognised initially at the trdll5aaion price. They are sub5equ¢ntly me&sur¢d at amortised cost usin8 the effective inleresi method. Itss prnvision for impairnenl. A provision for the impairment of irade dcblors is established when thue is objective evidence tha( the charity w¥ll not be able to collecl all amounts due accordin8 to the original tern of the receivables. C¥$h nd ¢a$h equivl¢nts Cash and cash equivalents comprise c&8h on hand aDd call dewb$its. and otheT short-terni highly liquid investments that aT¢ readily wnvertible to a known 3mowiL of ¢ash and are subjetl an insi8nificant risk of thang¢ in value. Trade creditors Tradt cieditors are obli8ations to pay for gwds or saviee5 that have been acquired in the OTdinary COUTse of business from suppliers. Ac£ounts payable are classified a5 curreni liabiliiie5 if the charity does not hav¢ an unconditional ri8ht, at the end of the rerAhrting period, io defer settlement of the creditor for at ltrast Iwelve months after the resxjrting datt. If there 15 an unconditional right to defer 5ettlemc4)t foT at Ica5l twelve months after the rerxTrrtLII8 date, they are presented as [n<rrent liabilitie5. Trad¢ creditors ar¢ r¢cogtLiS¢d initially ai the irdtWLion PTice and subsequenily tneasured ar amortistd c05t tssing ihe effeciive irtt¢w¢ method. Fund structure Unresiri¢ied in¢(pme funds are general funds thal are available for LLse ai the tnjstees. discretion in fitheranc¢ of the objeciives of the Charity. Restricted Income funds are those grants for use in a particular area or for specific PUT5¢5. the use of which is resiricied io that area or purrx>se. PtJ15ion5 and other p05t retirement obligations The charity operaies a defined nefIt pension scherne. Typically defined bencfit plans define an amount of perb5ion nefIt that an employee will reccive on retirement. USU311y dependent on oThe or more factors such as age. years of servi¢¢ and ctimpenution. The liabilily r¢cognis¢d in the Bo1on¢e Shtti ITh respe¢i of defined t*nefiL pension plans is the present value of the defined benefsi obligation at the rewrting date minus the fair value of plan &ssets. The dtfjned benefit obligation is measured using the projected unil ¢rait methtyl. The present volue of the defined benefit obligation is detemined by dLSQ)Illllirtg the esLim3ted fuiure payments by refertmce io marka }ields ai the rew)rtin8 dale on high-quality eorporaie bonds thai are denominated in thc currency in i¥hich the benefits will be paid, and that have temis LO maturity approximatin8 10 ihc Icmis of Ihe"related pensiors liability. Actuarial gains and losses are charged or crediied LO Other comprehensive income in the period in which they arise. Page 13
Rural Community Action Nottinghamsbire Notes to the Financial Statemenls for ibe Year Ended 31 March 2022 2 Ineome from donalion5 legacies Urtstri¢led funds Cenerxl Tottbl 1022 Total 2021 Donatioth$ and legacie5" Donations from ¢ompanies, tnbsts and similar proceeds Grants. including capital grants. Government grants Grants from othtr charitie5 10.291 10.291 10.129 43.588 41.580 43.588 41.580 64.129 43.765 95.459 18,023 J lttttsrn¢ fTOTh ch•ritgbl¢ ¥clivi¢ies Unvt5tritted fynds Ctntrxl Reslrirl Tofl 2022 Total 2021 Bike rental Contracts Membership fees S21es Wind Turbine incomt Sundry, inctsme 510 510 1,666 15.000 5,778 3,183 22,395 1,438 6.365 7.399 22,836 9)2 6.365 7.399 22,836 952 37.552 510 38.062 49,460 4 Grants & donatiotts Unrestri¢¢ed funds Restricled funds Tot*1 Action with Communilies in Rutal Englartd LIS- Nottinghamshire Tog¢theT Ba55etlaw District Council NE Enersy One Ltd Universi, of Notlingham Rushcliffe Borough Cotsncil VCS Emergencies Partnership HMRC JRS Sundry donations 41.580 10.312 io,r 7.5LKI 1.250 18,5 1,51XI 4.776 41 41,580 10,312 i 0,000 7,500 1,250 18,500 l.500 4,776 41 95,459 95,459 Page 14
Rural Community Action Nottinghamshire Notes to the"Finaneial Statements for the Year Ended 31 March.2022 5 Investment intome Unrestricled fund5 C¢Dtrg1 TotJ 2022 To*l 202 Interest receivable and similar incorne. Interest receivable on bank dcposi¢S 13 13 48 6 . Expenditsr¢ ort tharitable Activities UTrre51rieted Ctner¥l fund5 Restricted nds Pen54gn rt5crvc fnd Total 2022 Total Sigff costs FRS102 Recognised pensiotL ¢05ts Le821 & wofessional fees Travel & 5ubsistenee Molor expen5e5 Rent. Tates. insuran¢¢ & s¢rvi¢¢s JT support & mainienance Grants given Depreciation Bxnk & Credit taid rets Extemal loom hirt & siorage fees Office & generdl expense5 Telephone PTinling, pos¢age,& Stslionery Publicatiorts & subscriptions Publicity & promolional Sundry expenses 126,797 126.797 115.847 95.000 95,0(M) 67,OLK) 6,925 369 6.925 369 1,173 11,467 25 6,749 12.207 12.207 10.505 3.794 3,794 6,000. 472 2.793 7,5(M) 29 357 472 228 228 405 405 1.264 438 438 1.947 751 2,949 1,947 2239 2,2)9 2,236 5.846 5,846 5,792 901 "346 264 264 167.931 l.l73 95.000 264.104 236,511 Pase IS
Rural Community Action NottiDghamshire Notes to the Finaneial Statements for fbe Year Ended 31 March 2022 7 P4et incomingloutgoing rt$ourt Nei outgoing rUrCeS for the y¢ar includ¢". 2022 2021 D¢precia¢ion of fjxed assets 472 29 8 TTllStees remunerxtion txpt115es No trustees. nor any person5 conThectcd with theJn. have e1ved any remunerdtion from the charity durirt8 the year. No trustees have rteeived any r¢imbutsed rxpense5 or any othu b¢Th¢fits from the rharity duriThg the year. 9 Ftts payable to indepethdtnt eXal¢T trIng the pcriod, the fee5 payable (excludin8 VAT) the charily's indeF¢ndent eXaMir are analysed as follows.. 2022 2D2I Indendent ex2minaiion Other fjnancial services 1.030 990 1,000 1.245 2.020 2,245 10 Staff costs The aggregate payroll cosLs %¥ere follows: 2022 2021 StAf(c05ts during the were.. Wa&è$ aDd salaries Social security ¢OSts Pension costs FRS102 510n service & inrest costs 96.5 16 4,910 25.371 95,0 87.364 3,994 24,489 67,0 182.847 221.797 The TrK>Thihly average numir tsf persons {including senior rnanaguncnt tcam} ¢mploy¢d by the ¢hOTlty during / the year Was as folloivs... 21122 2•21 Av¢rdge numtr*r of employee5 312021- 4) of the above employee5 participated in theined Benefit Pension Schemes. Conlributionsio the employee p¢n$ion Schemes for tht year iotalled £25,371 {2021- £24.4891. Page 16
Rural Commuttity Aetion Nottinghamshire . Note5 to the Finaneial Stalements for the Year Ended 31 March 2022 No employee received emolumen15 olmore than £60.¢ during the ye4T. The iot)l employee benefils of tht kcy managtmtnt personnel of thc charity were £96.243 (2021- £89.822}. 11 Txxation The charity is a regisiered charity athd is therefoff exem from tsxation. 12 Tangibk fixed asset5 Land & building5 FiAtur¢s & fittings Computer equipment Motor vthitles Total Cost At l April 2021 Additions 290,0 3,930 14.568 10.905 1.416 319.403 1.416 At 31 March 2022 290.000 3.9iO 14,568 12,321 320.819 Deprttiation At l April 2021 Charge foi the year 3.930 14.568 .10.905 472 29.403 472 Al 31 March 2022 3,930 14,568 1,377 29.875 Net l>ook value At 31 March 21Y22 290.000 944 290.944 At 31 March 202 I 290.000 29Q,000 Included wiihtn thc net book value of land and buildings ave is £290,000 {2021 £290.0(K>) in respect of freehold land which 15 not dq>rtciated. and £Nil {2021- £Nil) in r¢spe¢i of leaseholds. .The acqui51tion of the freehold land was fund¢d by J gTanl_ The condiliorts of the 8rant impose rc5trictions oil the of the land. There aT¢ a150 restriclitsns on the free sale or mort8age of the land. P¢ 17
Rural Community Action Nottihghamshire Notes to the Financial Stalemellts for Ibe Year Ended 31 March 2022 13 Fixed asset invcstrneDts 2022 . 2021 Invesknent properties 190.000 190,000 Investment propertles Invt5tment properties Cost or Valugtlts At l April 2021 190,(X)O Provi51011 At 31 March 2022 Net book valu¢ Al 3J March 2022 190.(K)O At 31 March 2021 190,000 Th¢ property W35 valued in 2018 by W A Barnes LLP. Chartered Surveyoo on an open market value.for e.xisting use basi5. The value of the land leased out to tenants is separalely ithtifiable fn)m the l)uilding and can be measured reliably, th¢rtfort thi$ has been clossed as"iDvestrnent property. 14 Debtors 2022 2021 Ttade debtors Prepaytn¢ts Other debtor5 14.622 4.295 6,648 6,423 10,420 18.917 23.491 Page 18
Rural Community Action Nottinghamsbire Notes to the Finaneial Statemellts for the Year Ended 31 March 2022 J5 Cash and t¥sh ¢qUalentS 2122 2021 C&8h on har Cash at bank 404 fOS.771 404 lJ6.9i7 106.175 137,361 16 Crtditor$= amouftts fallithg dtst Withitt one yeAr 2022 2021 Trnde ¢rediiors Oihei taxation and social sectsrity Other creditors Accruals 5,834 3,641 428 3.825 5,807 2,947 428 3.792 13,728 12.974 17 Obiigtion$ umd¢r Ita$es putthAse toniraets Operting Itfist tommitmtnts Total fulure minimum lease payments under non-canccllablc OWdting leas¢5 are as follows.. 2022 21121 Arnol Hill House Within one yeir 2,865 PTinferlphotocopier Within one year Between one and five year5 1,608 4,436 1,608 6,044 7,652 18 Charity stgttss The charity 15 a eompany limited by guarantee and ¢onsequenily- d(*es not have share ¢apit31. Each" of the triJ5tees is liable to Contrite an amount not ex¢tedin8 £1 toiyards the ¥sets of ttje charity in the event of liquidation. 19 RtlAted PArty transaction There were no related paTty ¢ran5actions in the year. Pa8e 19
Rurgl CotnmuDity Action Nottinghamshire Notes to the Financial Statements for Ibe Year Ended 31 Marth 2022 20 Pension #nd o¢htr sthtmes Defithtd bèntfit peD$its• Schemes Notlingh8rn5hirt County Cotil Peasion Fund The charity partiCiPa¢cs in the Nottingharn5hire County Council Pension Fund. a multi-employcr dcfintd btnefit rbnal salary scheme. The s¢h¢me 15 administcr¢d for the beTh¢fit of L1 Authority employec5 and othtt bodies and is managed in accordance with Ihe Local Govemmeni Pension Sthetne Regulations 2013. The administ¢riThg authority for (he Fund 15 NottinghamshiJe County Council. Contribulioiis to the scheme are d¢trrmined with advi¢c of indcwdent qualified actuaries on th¢ basis of triennial valuations usin8 the projeded tsnit meihod_ The date of Ihe mosi recent eomprehensive actuaTi valuaiion was 31 March 2019. In ac¢ordanee ivith Financial R¢poiling Standard 102 (FRS 102). Ihc acluaries have undenak-en a valuation of the assets and liabiliiies of the Scheme al i l March 2022. P¢n5ion sth¢m¢ J5se15 are m¢asuTed u5in8 markd'values. Pension Scheme liabililies are measured using a projected unil method. The reSent value of scheme liabilitie5" has been arrived al by oje¢ting the results of the lasi full valuation as at 31 Mah 2019 foThwd to 31 Mar¢h 2022. Th¢ total cost rtlaiing to defitled benefit schtsnes for the year r¢cognised ith profil or Ioss as art experyse was 95.000 {2021- £67.0). The total cosi relatirtg to defined benefit Sch¢$ for the year In¢lUd in the cost of an asset wAs-12021 - £-). Recovcilialion ojsclieme ft55els lirtbililies ussets liftbililies rtcognised The"amounts reco8nised in the si*ement of financLal p)SiibOll are as follows.. 2022 2021 Fair value of schcm¢ 3ss¢ts Present value of defined benefit obligation 3.061.000 (4,951.0) 2.903,000 (5.176.000} Defined btnefit pension schetne deficit Definedbenefil obligAIio Ch2ng in the defined knefii obligaiion are ¥ folloivs- {1,890.0001 (2.273,0001 2022 Present value at start of year Current seivice cosi Intere5¢ cost ActlJ)Tial gains and105SC5 BenefLt5 paid ContributioThs by schcme participan Present value at end of year 5.176,000 48,000 103,000 (291,000) {91.000) 6,000 4,951,01)0 P•ge 20
Rural Community Action Nottinghamshire Notes to the Financial Statements for the Year Ended 31 March 2022 Fttir vftlue ofschen¥ tTsscts Changes in ihe fair value of sdleme a%sets are as follows: 2022 Fair value at start of year Inieiest income Return on plan assets, ex¢ludin8 amounts included in inttresi in¢omeJ{expense) Employer conlribulion5 Contributions by scheme tArticipants Benefits paid Administration expenses 2.903,000 57.000 161.000 26,000 6,000 {91,0(M>} 11,0001 Fair valuc al erbd of yr AnftlY5 ofns5e15 The major cat¢goTiC5 of scheme a55¢ts aT¢ as follows: 3.061,otM) - 2022 2021 C&%h and cash equivalents Equity instruments Debt instrumeTh¢S Property Other bonds Inflation - lit)ked px>led fund and infr&strucbJre 175.0 1.891.000 96,000 352,0 225,0 322,0(M) 155,OiX> 1,850,OIX> 103,OiX> 308.Olx) 217.0(x) 270.000 3,061.000 2.903.000 The pensiort scheme h&sttoi invested in any of the charity's ouTr financial instrumajts OT in ptop¢rti¢s or other assets used by th¢ ¢h2rily. Principthl The principal actuarial assumptions at the staitmeni of financial p)sition date are a5 follows.. 2022 2021 Discount ratt Future salary increases Future pension increases Postielirenwntfftorlulity 2.60 4.20 3_20 3.85 2.85 2022 2021 Years 22.00 25.00 23.00 26.00 Year5 Curren¢ UK pertsioners * ieiirement age- male Current UK pensioners al reiirement age- female FutUTe UK pensiorters ai r¢tirement a8e- male FuiuTe UK pensionets 01 retirement age- female 22.00 25_00 26.00 Page21
Rural Community Action Nottinghamshire Notes to the Financial Statemtnfs for the Year Ended 31 March 2022 "2] Analysis of net assets between funds Unrtstricted Pt115ion rtservt fund 2022 TotAI fund$ Resttitt¢d Tangible fix¢d &%sets Fixed asset invesimen CUent assets Crr¢t liabilities P¢n5ion scheme liability 944 190.0(N) 125,092 (13,728) 290.( 290.944 190,000 125,092 113.7281 I,890,0) {1,890,000) Total net assets 302."i08 290.(KJ) (1,890.(100) (1,297,692) Uttrtstri¢ted Pension re5trve fund 2021 Total funds CeneY81 Restritted Tangible fixed assets Fixed assd investments Clirreni assets Current liabilities Pension scheme liabiliry 290.0Th) 290,11 190.( 160.852 112,9741 {2,273:(KKII 190,000 130,993 (12,9741 29.859 {2,273,(K>OI .Total assets J08.019 3 19.859 {2,273.000) {1.645,122 22 Funds Other ruogni5ed Trn$fer$ gAin{lo$S¢S) B418nce t 31 Mareh 2022 B¥l8nce at I April 2021 Incomi4g rtsourtes Rt50ur¢es expEndcd Unrestrltt¢d futtds Genér&1 General fund 308.019 133.024 (167.931) 29.196 302.308 Res¢ri¢ltd funds Land Fund Wheels lo Work. 290.0j 29.859 290.000 510 11,173} 129.196) T¥xt#l rt$tri¢ted funds 319.859 510 (1,173) (29,1961 290.1 Othtt Pension reseThe fund (2,273,Tr)0} (95.(MXY) 478,(IDO (1.890,000) (2,271,1)} (95.OlJ)) 478,Ot>D (1.890.000) Total funds 1.645.122) 133.534 (264,104) 478,000 {1,297,692 Pa8e 22
Rural Community Aetion Nottinghamshire Notes to the Financial StaiemeDts for the Year Ended 31 March 2022 rhe specific purposes lor which ihe lunds are lo be applied ale as follo.. Whee15 to Work - project that aims 10 SUprt people iyith an affordable MO loan to provide an accessible solution to employment or iraining. Overcoming ¢rnnsrM>n barriers to w)rk or training.. a thilored mopcd loan package will b¢ off¢r¢d to those with thc grutesl need focusing on independent trdvel and sustainable employmeni. Land Fund - (he nei tK)ok value ofthe freehold New#ead.Counlry Park ld. Tr aequisition of the l•rtd was funded by a granL. The condiiions of the grant imrM)se restrictions on the use of the land. There are aly) striclhons on the free sale or mortgage of the land. The transler from the Wheels to Work fund 10 the General fund relate5 lo activiiit5 which havc ceased. and the release of any Testri¢iions on the use of ¢hue fvnds. These orelhefi8uTesfor iheprevioms rtccouniingpeyiorffjndrtre Ilded[r coryfjrfviivepwrposes.. Other Balan¢¢ #t recogni5ed 31 Mxrch Transftn gainsl{10sSt5) 2021 Balxntt at I April 2020 'IncoJDifvg rtSOUT¢e5 Resourc expended Unrtstricled funds .GeNerul Genetal fvnd 317.291 150.865 {162.762) 2,62S 308,019 De5ignole Designated fund ,255 (1.255 Total nrestritttd funds 318.546 150.865 (162.762) .370 308.019 Restricted SofeT. Stronger. Greener Communities Land Fund Wheels io Work Healthier Communiiie5 8J83 290,OtN) 11.i59 {8.383) 290.000 29,859 16.666 (6,749) 8H83 1.370 {I,i70) Total restricted funds 311,312 16,666 {6.749) (1,370) 319,8)9 Other funds Pen5iOll Te5erve fund (1.454.000) (67,000) 1752,IM>OI 12,273,000) 11,4i4,000) (67.000) 1752.0001 12.273.000) Total fund5 824,1421 167.i31 (236.5111 752.0(K> .645,122) Page 23